grinding_journalist:factoryconnection: Man, there's a bit of mark-up in the Chinese market on luxury! That car's around $130K stateside.

I'm always irritated by car-centric atricles that completely misstate the value of the car for the purposes of making the story seem more sensational. Nowhere in the world will you have to pay $430,000 for a Quattroporte.

I have no trouble believing that a few years old QP (which lose value faster than almost anything on the used car market), worth about $70,000 would sell for 430,000 Yuan. Since, you know, that's the approximate conversion.

There are huge taxes and imported duties in China on imported luxury items, and rich Chinese will buy it regardless the price. So indeed the cars would costs double or triple the price.

grinding_journalist:factoryconnection: Man, there's a bit of mark-up in the Chinese market on luxury! That car's around $130K stateside.

I'm always irritated by car-centric atricles that completely misstate the value of the car for the purposes of making the story seem more sensational. Nowhere in the world will you have to pay $430,000 for a Quattroporte.

I have no trouble believing that a few years old QP (which lose value faster than almost anything on the used car market), worth about $70,000 would sell for 430,000 Yuan. Since, you know, that's the approximate conversion.

FTA: "The owner was apparently unhappy with Furi Group, the company responsible for Maserati distribution in the Qingdao area, because they allegedly repaired his $430,000 Quattroporte with second-hand parts rather than the new parts he paid for and did not make all the repairs he requested."

So a Chinese milionare is upset that a Chinese company cut corners in dealing with him....